Companhia Energética de Minas Gerais

São Paulo Stock Exchange CMIG4.SA

Companhia Energética de Minas Gerais Gross Profit for the year ending December 31, 2023: USD 1.40 B

Companhia Energética de Minas Gerais Gross Profit is USD 1.40 B for the year ending December 31, 2023, a 9.37% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Companhia Energética de Minas Gerais Gross Profit for the year ending December 31, 2022 was USD 1.28 B, a 6.59% change year over year.
  • Companhia Energética de Minas Gerais Gross Profit for the year ending December 31, 2021 was USD 1.20 B, a 16.44% change year over year.
  • Companhia Energética de Minas Gerais Gross Profit for the year ending December 31, 2020 was USD 1.03 B, a -28.15% change year over year.
  • Companhia Energética de Minas Gerais Gross Profit for the year ending December 31, 2019 was USD 1.44 B, a 72.22% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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São Paulo Stock Exchange: CMIG4.SA

Companhia Energética de Minas Gerais

CEO Mr. Reynaldo Passanezi Filho
IPO Date Jan. 3, 2000
Location Brazil
Headquarters Avenida Barbacena, 1200
Employees 4,918
Sector Energy
Industries
Description

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

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StockViz Staff

January 15, 2025

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